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From Wall Street to Bay Street
Book

From Wall Street to Bay Street

The Origins and Evolution of American and Canadian Finance

University of Toronto Press, 2018 更多详情

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Editorial Rating

8

Qualities

  • Comprehensive
  • Innovative
  • Background

Recommendation

The United States and Canada together account for more than $23 trillion in global GDP growth. The wealth of each country resides in a political and commercial environment largely dominated by capitalism and buttressed by a robust financial ecosystem. But Wall Street and Bay Street represent two divergent schools of thought on capital markets, the role of regulation and market operations. Economic historians Joe Martin and Chris Kobrak highlight how the American and Canadian financial models developed and examine the institutional, cultural, political, and economic forces that shaped their growth and trajectory. Students of history, business executives and financial professionals will appreciate this detailed and perceptive analysis of US and Canadian finance.

Take-Aways

  • The US and Canadian financial systems have evolved in different ways.
  • The US Constitution provided for state and federal power sharing, while Canada opted for more unified governance.
  • By the beginning of the US Civil War, America was exporting 51% of its products to the north and importing 57% of its needs from Canada.

About the Authors

The late Christopher Kobrak was a business history professor at the Rotman School of Management. Joe Martin directs the Canadian Business and Financial History Initiative at the Rotman School of Management.


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